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Jeff Brown, University of Wyoming’s Director of Energy Economics explains in an interview by Wyoming Public Media how carbon capture works and emphasizes that carbon capture technology is paramount for combating climate change.
Brown explains that carbon capture technology to mitigate climate change could reduce the cost by 2.4 times. Wyoming could benefit from this technology because it has both capture and storage sites. "Carbon capture can especially benefit industries and states that emit a lot of CO2 and also have very productive uses for the captured CO2," said Brown. "Wyoming's a good example. We have a lot of coal power plants that are well maintained and have cheap locally mined coal and also Wyoming has an innovative oil industry that can put the CO2 underground."
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In an effort to facilitate responsible energy production, the Bureau of Land Management’s Record of Decision has approved the Preferred Alternative analyzed in the Final Environmental Impact Statement for the Moneta Divide Project based on extensive review and consideration of public comments received.
The Moneta Divide Project proposes to drill up to 4250 wells over a 15 year period with the potential to generate $182 million per year in Federal royalties, $87.5 million per year in severance taxes for the State of Wyoming, and $106 million in County Ad Valorem taxes.
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The Converse County Oil and Gas Project final environmental impact statement and proposed resource management plan amendment has been published and is one step closer to clearing a major regulatory hurdle.
The Converse County Oil and Gas Project proposes to drill 5,000 wells, 1,500 miles of gas gathering pipelines and 900 miles of water pipelines, along with roads, electrical lines and other infrastructure over a ten year period. The project estimates the creation of up to 8,000 jobs and the potential for state and federal revenue ranging from $18 billion to $28 billion.
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The Trump administration moves to relax regulations and allow operators to more efficiently and accurately handle and measure the commodities they produce in an effort to spur domestic energy development.
The Bureau of Land Management plans to amend regulatory requirements for oil and gas operators working on federal and tribal lands in an effort to streamline regulations “to ensure that our oversight of energy production on America’s public lands is consistent and fair,” stated Kate MacGregor, Deputy Secretary of the Interior.
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Wyoming’s Joint Minerals and the Business & Economic Development Committee voted in favor of sponsoring a bill that would encourage new oil and gas production in the state.
With the goal of spurring additional mineral production and capital investment to recover from economic collapse and energy markets, Wyoming’s legislature advanced a bill that would reduce the state’s mineral tax rate by half for a six month period when oil prices fall below $38 to $45 per barrel and gas prices fall below $2.95 per thousand cubic feet as a 30-day rolling average.
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Jeff Brown, the Director of Energy Economics at the University of Wyoming's Enhanced Oil Recovery Institute was featured in a news piece focusing on a new analysis of carbon capture and storage (CCS) to mitigate climate change.
Brown’s analysis models the economics of connecting carbon capture sites across the U.S. with underground storage sites, thus helping to reduce the cost of preventing climate change.
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The Great Plains Institute (GPI) and the University of Wyoming’s Jeffrey Brown explore the planning of CO2 transportation networks on a regional scale and ascertains the economic and environmental benefits that can be achieved through economies of scale to meet the US midcentury decarbonization goals.
This paper represents the results of modeling efforts to identifying regional scale CO2 transport infrastructure that would serve existing facilities and allow participation by new capture projects and facilities in the near future.
The analysis identifies near-term capture and storage opportunities, then designs and plans the regional transport infrastructure required to maximize CO2 reductions while minimizing cost and land use impacts throughout the Midwest, Rockies, Plains, Gulf Coast, and Texas.
Enhanced Oil Recovery Institute - Casper Seeking Wyoming Oil & Gas Operators for New Sponsored Study
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The Enhanced Oil Recovery Institute (EORI), University of Wyoming, in Casper, Wyoming is Sponsoring a Microbial Treatment Field Test Study to Address Paraffin Problems.
• Well selection is currently underway and will remain open until 15 qualifying wells are selected, or through October, 2021.
Operators are encouraged to submit wells for study consideration as soon as possible, as there is no out-of-pocket cost to the operator/s. Specific criteria and performance of outlined protocol, as well as a contract, are required. Detailed information on the study may be found here.
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